The Realty Building, a high-rise commercial office building at 24 Drayton St. in downtown Savannah, has been sold to SCGII-Drayton, LLC, a real estate company based in South Carolina with ownership managed by South Coast Commercial, LLC.
The building, which previously belonged to 24 Drayton LLC, was bought out of foreclosure.
Built in 1921, the building is scheduled to undergo significant improvements and interior enhancements, which are in the planning stages. J.T. Turner Construction Co. will serve as the general contractor, and Hansen Architects will serve as the lead architect.
The 10-story building includes nearly 60,000 square feet of commercial and retail office space. Designed with neoclassical-style accents, the property’s exterior façade features a geometric design, crafted with brown brick and white stone columns with detailed trim engravings.
A grand foyer includes high ceilings, custom moldings, glass walls, marble floors, mahogany doors, oversized windows and brass trim.
The building’s tenants include a number of architects, attorneys and other professionals.
The Savannah office of Colliers International will act as the new property manager and leasing agent for the building.
For more information, contact Ashley Smith at 912-233-7111.